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Showing 41 - 50 of 854 results for %22Financial Regulator Reform%22

Martin Fahy to step down as ASFA chief

CASSANDRA BALDINI  |  FRIDAY, 26 MAY 2023
... occurred during his tenure." Dransfield is currently a non-executive director of Hollard Insurance and the Australian Financial Complaints Authority (AFCA). He has been both a board member and chair of the Insurance Council of Australia and the Insurance ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... accounts can leave someone over $50,000 worse off in retirement. The fund is aiming to return affected members to the financial position they'd be in if this incident hadn't occurred. This includes refunding administration fees and insurance ...

ASIC revises IDR reporting framework

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2023
... ASIC has further staged the implementation timeframe for internal dispute resolution data reporting. In total, 8600 financial firms will report their customer complaints data for the first time under the framework. The first group to do so comprised ...

FCA simplifies listing rules to attract global companies

ANDREW MCKEAN  |  WEDNESDAY, 3 MAY 2023
The Financial Conduct Authority (FCA) has proposed reforms to simplify listing rules, positioning the UK to attract a wider range of companies. The FCA wants to make the UK's listing regime more effective, easier to understand, and competitive, ultimately ...

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... pressures for retirees and improve retirement income by up to 20%. This is one of three recommendations presented by the Financial Services Council and NMG Consulting in their newly released report, A roadmap for Australian retirement income policy. ...

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
... be felt across the pond. In an address on Tuesday, APRA chair John Lonsdale said no matter how resilient the nation's financial system is, what happens globally can still impact it to a greater or lesser extent. "We need to be ready to act quickly, but ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... stream. This minimum amount must be withdrawn to maintain the tax-exempt status of the pension account. But Morgans Financial head of wealth management Terri Bradford noted that the proposed calculations stipulate that all super withdrawals must be included ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
... services. Treasurer Jim Chalmers said the legislative changes were part of a larger plan to strengthen Australia's financial system. "The changes seek to provide any emerging competitors with fair, transparent and non-discriminatory access to market ...

Giving hope: Recent regulatory wins

ANDREW MCKEAN  |  TUESDAY, 21 MAR 2023
... the not-for-profit sector, last July, the Office for Women released a new resource, Guide to prevention and action on financial abuse within the financial services sector, aimed at helping the financial services sector prevent and address financial abuse ...

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... buyer for its managed investments business as it also continues to review the future of its superannuation fund. Human Financial, an investment management and technology firm, will purchase ClearView's managed investment business. In turn, ClearView ...